Increased economic cooperation in Pak, Russia urged

April 24, 2018

Karachi, April 24, 2018 (PPI-OT): Chairperson, Sindh Board of Investment, Ms. Naheed Memon on Tuesday emphasized the need for increasing economic and regional cooperation between Pakistan and Russia including boost to bilateral trade as there is long history of friendly relationship between the two countries. “ This is right time, Pakistan and Russian should increase their trade, investment, and economic and regional cooperation,” she said while speaking at a meeting with business delegation from Saint Petersburg, Russia, here.

The Russian delegates represented 15 companies dealing in power, oil and gas, pharmaceutical, chemical, spare parts, metallurgical, textile especially polyester and yarn producers, engineering and aviation. They held B2B meetings with Pakistani counterparts to discuss in detail the possibilities of increasing trade and partnering in various potential sectors for good of both the countries. They also deliberated upon the changing regional and global scenes at regional and international levels.

SBI Chairperson recalled that Pakistan People’s Party government in Sindh had signed memorandum of understanding with Government of Saint Petersburg in October 2017 there. The visit of this high profile delegation was the follow up of that MoU, she said.

Ms. Naheed Memon stressed that the world had entered the era of co-existence and cooperation. And, she said, regional trade blocks had emerged as very successful model of economic cooperation. She said Pakistan has adopted the policy of focusing on China, Central Asian States, Middle East and Africa after becoming a part of China’s global initiative “ One Belt –One Road” to find new markets and find potential international partners. On the second day, Wednesday, Russian trade and investors delegation would likely to sign MoUs with different Pakistani organizations.